Establish a Scholarship

Setting up a scholarship to honor a life, a time in one’s life, or to show the value of education can easily be accomplished.

Gifts of $10,000 or more can be placed in individually named endowment funds and carry specific donor instructions. Annually, endowment earnings will be allocated to each named account according to the account's proportionate share of the total asset pool (pooled income approach). For purposes of establishing annual scholarship amounts, donors are encouraged to plan for grants of no more than 5% of the principal balance. For example, a $10,000 donation would fund a yearly scholarship of $500. The minimum amount required to set up an endowed scholarship is $10,000.